Bankwell Financial Group, Inc. (BWFG) to Issue Quarterly Dividend of $0.07 on November 27th

Bankwell Financial Group, Inc. (NASDAQ:BWFG) announced a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Investors of record on Friday, November 17th will be paid a dividend of 0.07 per share by the bank on Monday, November 27th. This represents a $0.28 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, November 16th.

Shares of Bankwell Financial Group (BWFG) opened at $33.46 on Wednesday. The firm has a market cap of $254.67, a price-to-earnings ratio of 16.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.12 and a current ratio of 1.12. Bankwell Financial Group has a 52 week low of $25.53 and a 52 week high of $38.50.

In other news, Director Blake S. Drexler bought 1,128 shares of Bankwell Financial Group stock in a transaction dated Monday, November 6th. The stock was bought at an average price of $36.59 per share, for a total transaction of $41,273.52. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David P. Dineen sold 1,218 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $35.77, for a total transaction of $43,567.86. Following the completion of the sale, the executive vice president now owns 5,625 shares of the company’s stock, valued at approximately $201,206.25. The disclosure for this sale can be found here. Insiders sold a total of 16,968 shares of company stock valued at $624,365 in the last 90 days. Company insiders own 22.37% of the company’s stock.

A hedge fund recently raised its stake in Bankwell Financial Group stock. State Street Corp increased its stake in Bankwell Financial Group, Inc. (NASDAQ:BWFG) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,468 shares of the bank’s stock after purchasing an additional 3,305 shares during the quarter. State Street Corp owned 1.13% of Bankwell Financial Group worth $2,666,000 at the end of the most recent quarter. Institutional investors own 48.22% of the company’s stock.

Several analysts have recently commented on BWFG shares. restated a “buy” rating and issued a $37.00 target price on shares of Bankwell Financial Group in a research note on Thursday, July 27th. cut shares of Bankwell Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Week Herald and is owned by of Week Herald. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://weekherald.com/2017/11/15/bankwell-financial-group-inc-bwfg-to-issue-quarterly-dividend-of-0-07-on-november-27th.html.

Bankwell Financial Group Company Profile

Bankwell Financial Group, Inc is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state non-member bank. The Bank provides a range of banking services to commercial and consumer customers, concentrated in the Fairfield and New Haven Counties region of Connecticut.

Dividend History for Bankwell Financial Group (NASDAQ:BWFG)

Receive News & Ratings for Bankwell Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankwell Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply